Things may not be quite as ostentatious as they were in 2017, but cryptocurrencies are having an outstanding year. Not only has their collective market cap quadrupled since the start of the year, but they are enjoying bullish sentiment on many fronts. ( In macro look)

Whether it’s the unmistakable entrance of institutional investors into the crypto space or the fact that you can buy a latte with Bitcoin, cryptocurrencies are undoubtedly trending higher. Even Facebook, the world’s most popular social media platform, is entering the fray, introducing its cryptocurrency, Libra to its 2.5 billion users.

Consider these growth metrics for the crypto sector:

84% of respondents to a PwC executive survey are dabbling in crypto’s underlying technology, the blockchain
89% of the U.S. population has heard of Bitcoin, a 12% increase since 2017
11% of the U.S. population has invested in a cryptocurrency
34,660,975 people have created a blockchain wallet, a number that has risen every quarter since 2016.

More info and source here

Taken together, it’s clear that crypto is making significant inroads at many levels of financial and technological space. And yet, obstacles remain to crypto investment markets becoming normative and broadly accepted. Even though cryptos are outperforming every other major investment vehicle in 2019, including stocks, bonds, gold, and oil, they remain a fringe industry.


What do you think is the real reason Crypto is not becoming Mainstream?